SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : ICA - Empresas ICA (Mexican Construction Co.)
ICA 0.5670.0%Jul 11 5:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: X Y Zebra who wrote (2)6/4/1999 6:13:00 PM
From: OldAIMGuy  Read Replies (1) of 9
 
Hi GB and thanks for the detailed note. Yes, I have only limited experience in Mexico or outside the USA as far as investing goes. I was riding up the "backbone" of Mexico in 1991 and again in 1994 and had been impressed with all the infrastructure changes and improvements going on at the time. It was as though they were in a big hurry to finish out the 20th Century properly outfitted with roads, power and telephones.

My initial investment was Mexico Fund (MXF) to cover lots of bases and then ICA and VTO. I did well with VTO, but let it go in favor of other investments at the time. I kept ICA and MXF. ICA has out-performed MXF, but only with significant tolerance of volatility.

Yes, there's currency problems as well as political considerations to be understood or at least realized. I have tried to model a currency strategy in the past to lessen the blow of massive devaluations, but so far the answer has stayed out of reach.

Although my holding in ICA isn't a large portion of my portfolio, it's large enough to keep my interest. I'll attempt to capture graphs of my history with ICA and present them here. Maybe sometime this weekend or maybe next week.

Thanks again for your interest.

Best regards, Tom
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News